
In a very scathing letter backed by documentation attorney
Ricky Wilkins proved that the allegations fired at him when he was fired by the temporary mayor
Moron Lousy were nothing more than "
Bold Face Lies".Lousy stated that during the month of May of this year that Wilkins was paid
$160,000. Documents show that Wilkins was paid his monthly retainer of $35,000 which was approved by the Memphis City Council including Lousy himself. The documents go on to show that $
122,161.14 of the $162,201.30 was paid to third parties for services rendered. Wilkins also provided copies of checks written out to those third parties.
It's also interesting to note that Lousy has never mentioned that the
$35,000.00 per month retainer does not just include the Beale Street matter but other cases as well. It's also interesting to note that that Lousy wants to settle with
John Elkington and his company Performa when millions of dollars of tax payers money is missing. It was just a week ago after a judge released a seal on the Beale Street matter that we now know that
$6.4 million dollars is missing between 2002-2008, so why does Lousy want to give Elkington a way out know that over a period of 25 years millions more are unaccounted for.
The 700 page forensic audit of which I have a copy states that Performa failed to account for all Gross Rental Income and project income generated and received from Beale Street Historic District operations. The effect was understating BSHD revenues. Performa failed to properly account for all Cost of Sales and expenses incurred and paid from BSHD's operations. This included recording expenses not incurred by BSHD,not paid by BSHD or related to other Performa entities. The effect was overstating BSHD's expenses.
The audit goes on to state that Performa commingled BSHD funds with its other related entities. Performa utilized BSHD funds as working capital for its other related entities. Performa loaned and advanced BSHD funds to its other related entities without formal agreement. Performa failed to keep accurate and complete accounting records for BSHD. Performa failed to maintain BSHD'S revenues on the cash basis of accounting as prescribed by the 1982 sublease.
The audit further states.Performa submitted false and misleading periodic financial reports to the City of Memphis. Performa through its actions of understating BSHD revenues and overstating expenses was able to use Gross Rental Income and Project Income for its own benefit. The effect of these actions was to deprive the city of
$6,398,644 over the period of 2002-2008.
So with this information the question must be asked why does Moron Lousy at this point want to fire Ricly Wilkins? Why did he knowingly lie about the amount Wilkins has been paid? And why is he seeking to settle instead of indict John Elkington?
Could any of this have to do with the fact that according to election financial records Elkington has contributed in the past to Lousy's campaigns. Why hasn't Lousy revealed that he has received campaign contributions from
The Beale Street Merchants Association's Political Action Committee when his buddy
Ricky Peete was in control? Why hasn't Lousy mentioned that during Peete's reign as both a council member and the Executive Director of The beale Street merchants Association that he voted every year to give the Beale Street Merchants a $100,000 grant which they did not have to pay back.
The audit clearly shows that John Elkington should be indicted but why is Lousy wanting the only person that knows the ends and outs of the Beale Street matter gone. is it because he has something to hide or is he as normal carrying someone else water. I might also note that it was
Jack Sammons the present CAO who as a councilman in November of 2007 in almost his last meeting as a councilman that requested in a morning committee meeting in which I was present after requesting in behalf of the Beale Street merchants a meeting before the council that called for the forensic audit of Beale Street.
BY THE WAY WHEN IS FOX 13'S VALERIE CALHOUN WHO LOVES TO CALL OTHERS CROOKS GOING TO CALL HER HUSBAND JOHN ELKINGTON ONE?CLICK ON DOCUMENTS TO ENLARGE AND READ